So gentlemen who bought31 Jul 2024 09:51
Shares today has spent less than 10% of their salaries on these share purchases.
Meanwhile Tom is not coming slow
My old pal Simon Cawkwell, aka Evil Knievil, warns as one of his golden rules that if directors ostentatiously buy shares in a size that is immaterial to their holding or their remuneration then that is not a buy signal but a sell signal. The intent is not to add to their wealth but to spoof others.
Today Upland has announced that its CEO has bought 2 million shares and its COO 1.7 million shares. At around a penny each that will have set them back c£20,000and c£17,000 respectively.
The last annual report covered the 18 months to January 31 2023 and during that period, what with bumper bonuses awarded, it seems, for concluding on deals whatsoever, the Chairman and CEO trousered £593,267 and the COO £197,733.